Money, Wealth & Power—A Daily Look at the Financial World
Congress is moving to dramatically expand the firepower of the U.S. Export-Import Bank to align with President Donald Trump’s push for a massive strategic stockpile of critical minerals. Lawmakers are debating how far to go, with some proposals pointing to tens of billions of dollars in new authority rather than the $205 billion ceiling that…
The newly released Epstein files do more than illuminate one predator’s fortune. They expose how the financial system itself can be bent into a private playground for the ultra rich, where secrecy, offshore tricks and pliant institutions turn abuse into a profitable business model. The money trails now coming into view show how Jeffrey Epstein’s…
Tesla has rarely inspired modest forecasts, and the run‑up to 2026 is no exception. Wall Street targets now stretch from cautious single‑digit gains to scenarios where the company is worth multiple trillions of dollars, with the spread reflecting deep disagreement over electric‑vehicle demand, margins and the value of Tesla’s software and energy businesses. The most…
The latest pullback in U.S. equities is being driven not by banks or energy, but by the very companies that powered the post‑pandemic boom. As software names sell off and investors reassess the cost of artificial intelligence, the S&P 500 and Nasdaq have slipped even as the Dow hovers near records. Alphabet’s earnings and aggressive…
The fight over who controls the ports at each end of the Panama Canal has erupted into a full‑blown geopolitical clash, with China warning that Panama will pay a “heavy price” after a court decision that President Donald Trump is touting as a strategic win. At stake is far more than a single concession: the…
The United States is deep in a housing crunch, but the country cannot even agree on how deep. Depending on which expert you ask, the nation is short a couple of million homes or closer to 20 million, a spread so wide it scrambles any sense of scale. That fog around the numbers is not…
Across much of the planet, people say the cost of living and shaky economies are the defining emergencies of their time. In the United States, a different answer keeps rising to the top: the political system itself. That split is more than a polling curiosity, it is a window into how Americans and the rest…
Global markets are shifting from quiet competition to open confrontation, and money itself is becoming a weapon. Ray Dalio is warning that the world is moving toward a “capital war” in which currencies, reserves, and payment systems are used to pressure rivals, and he argues that Gold is one of the few assets that can…
Elon Musk is trying to drag the cloud business into orbit, and the price tag is staggering. Analysts now estimate that his vision of vast SpaceX data centers circling Earth could require as much as $5 trillion in annual spending, a figure that would dwarf today’s entire global cloud and semiconductor markets. The plan hinges…
For decades, Wall Street and Big Law have quietly minted money by selling access to structured financial and legal information. Now a new generation of artificial intelligence is threatening to erode that advantage by learning directly from the raw text, filings, and contracts those firms once controlled. The same data that powered premium terminals and…